Chicago Mercantile Exchange lean hogs closed higher Monday on supportive fundamentals, fund buying and forward positioning.

Lean hogs gained at the start on short covering, follow-through buying and Friday's pork-cutout price snapback. Spot-June and nearby-July added momentum after both contracts cracked key technical-resistance barriers.

And, generally higher electronic-Chicago Board of Trade corn inspired deep-month hog buyers. They continued to support far-month hogs throughout the session despite CBOT corn's later lapse.

However, spot-June hogs' buying interest slowed momentarily because of selling into up ticks and pre-Goldman roll activity.

Pork bellies ended mixed on May/July bear spreads and CME hog's advances.

The CME weekly belly storage report will be released on Tuesday after 5 p.m. EDT.

June lean hogs closed 125 points higher at 73.20 cents a pound, and July closed 87 points higher at 75.35 cents.

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